So many people ask how do you do it and where does your information come from? Simple really! It's not rocket science.
Over the last 5 years we have built a huge database covering all aspects of UK auction houses, renovation properties, repossessed houses etc. We currently have well over 1000 agents,auctioneers,companies and enterprises dealing in these on our database. We constantly search for new data.Our central computer system searches every single day for new data using a softwares agent* which 'crawls' searching for and absorbing information to update our database.
* spider, bot, crawler.
All data and information on our sites is in "Real Time"
Probably 70% of cheap property is sold at auction..
Bidding for bricks and mortar
Michael Clarke, This is Money
28 April 2005
"THE property ladder is still out of reach for many first-time buyers but an alternative way of getting on the housing market could be to buy through a property auction.
More than 300,000 properties are sold at auction a year, with buyers able to save up to 40% of the market value of a home. Properties usually come up at auction due to bankruptcy or repossession from the owner, so the seller is usually keen to sell.
However, they are also a great way of picking up unusual properties that conventional estate agents may struggle to shift, such as disused lighthouses and churches.
Gary Murphy holds up to seven auctions a year with auction specialist Allsop, generating over £250m in sales.
He says: 'Anyone can come along and get involved at an auction. We tend to get experienced investors looking for a buy-to-let opportunity or to do a property up to sell on, but we also get a lot of people attending for the first time looking for somewhere to live.'
The number of auctions has escalated over recent years as buyers become more comfortable with the process. Traditionally, they tended to focus on the London market, but auctions are springing up throughout the UK, particularly around major cities like Birmingham, Manchester, Newcastle and Liverpool.
Bargains are usually found on lots that haven't been sold in previous auctions or properties with a short lease, typically less than 65 years. Once you have purchased the property, it is usually possible to extend the lease.
If you like the look of a property, arrange a viewing. Ask as many questions as you can about the home and local area and check with estate agents to see what similar properties fetched on the open market.
If you're still interested, then it is worth having a surveyor carry out a homebuyer's report. This is important as a large proportion of the properties for sale at auction need restoration or repairs so a surveyor will be able to spot any major faults."
Q.You may well ask why are these properties sold so cheaply?
A. Many of these properties require varying levels of modernisation, refurbishment or development, so, if you are looking for a property needing renovation, or your dream home is a barn conversion, or you are a property developer seeking unmodernised properties across the UK...... We can help you save time and money and show you where the auctions for disposal of property unwanted by Government Departments are A really easy way to find where all the auctions are taking place in the UK?
We list all auctioneers, their contact details and links to their catalogues in an easy searchable database. Scattered throughout the country are hundreds of little known auctions selling a vast range of houses, land and property, and anyone can attend... that includes you! These auctions are full of properties that are really cheap!
